How data analytics drives better real estate investing

For some time, the real estate industry has leveraged the latest technology to drive a more intuitive, streamlined transaction experience and to generate a greater level of trust between buyers and sellers.

For Auction.com, the largest real estate marketplace, innovative technology enables us to provide a superior level of functionality and data analytics on a host of different types of real estate in the 3,000+ counties we serve — helping build stronger relationships with our buyers and sellers, and making us a trusted partner throughout the auction process.

Buyers and sellers demand greater data capabilities

In a world increasingly driven by big data, the real estate professionals who effectively utilize robust data analytics to make more informed decisions typically realize greater levels of success. Just as stock market investors conduct due diligence and use varied data sources prior to purchasing a company’s stock, real estate investors should do the same when buying property. Likewise, sellers come to the marketplace with one goal in mind – selling a property at market-price in the least amount of time. Data analytics serves as a catalyst to ensure that both of these needs are met.

In our experience, we have found that sellers truly value access to data intelligence and insight into buyer trends and interest, paired with a dedicated team of industry professionals to help with the sale of their assets. Conversely, it’s nearly impossible for buyers to successfully comb through every property listed in their desired market, so they come to rely on us for our ability to help them find assets of interest. We do so with our robust marketing engine and by providing access to property information such as title and lien reports, crime information, environmental hazards and more – all through a single, centralized location.

How does data analytics improve the real estate experience?

Auction.com’s integrated approach of data analytics and human experience is designed to enable sellers to gain an unprecedented degree of real-time data – down to the property level – via a dashboard, which helps them make more informed decisions. It also allows greater…

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Ready to learn more about buying investment property?
But they are not sure how to create a real estate investing plan.
Here are the planning steps they take in preparation for buying an investment property.
The first part of their plan has nothing to do with real estate.
With their wealth stage, strategy, and real estate niche in mind, Craig and Regina begin preparing to take action.
Using those lessons, plus a list of other property-specific criteria, Craig and Regina build their profile of an ideal property.
Prepare Cash Funds When they studied the market, Craig and Regina saw a range of purchase prices for buying investment property from $100,000-$200,000.
They then plan to refinance at 70% of the new value after 6 months to pull out some or all of their cash funds to use when buying investment property next time.
Once the offer is accepted, they call Kathy and she prepares the funds for closing.
Of course, the real work begins after Craig and Regina finish the process of buying investment property.

TruVest, is a national real estate investment company that challenges the conventional investment community to think differently about atypical investments in green technology and real estate notes.
Phone: 833-878-8378